AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 is likely consolidation of the downtrend. Near term resistance is at 0.8050, as long as this level holds, the downtrend could be expected to continue and next target would be at 0.7850 area. The key resistance is at 0.8124, only break above this level could trigger another rise towards 0.8162.
